Meiji Yasuda Life Insurance Co Raises Position in Welltower Inc. (NYSE:WELL)

Meiji Yasuda Life Insurance Co raised its position in Welltower Inc. (NYSE:WELL) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,138 shares of the real estate investment trust’s stock after buying an additional 2,250 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Welltower were worth $2,412,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jump Financial LLC raised its stake in Welltower by 131.3% in the 4th quarter. Jump Financial LLC now owns 7,997 shares of the real estate investment trust’s stock valued at $721,000 after purchasing an additional 4,540 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Welltower by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 51,631 shares of the real estate investment trust’s stock worth $4,656,000 after buying an additional 196 shares in the last quarter. UBS Group AG raised its position in shares of Welltower by 147.7% in the fourth quarter. UBS Group AG now owns 1,072,283 shares of the real estate investment trust’s stock valued at $96,688,000 after buying an additional 639,355 shares during the last quarter. Sachetta LLC purchased a new position in shares of Welltower in the fourth quarter worth about $71,000. Finally, Corient Private Wealth LLC boosted its position in Welltower by 3.2% during the fourth quarter. Corient Private Wealth LLC now owns 33,188 shares of the real estate investment trust’s stock worth $2,993,000 after acquiring an additional 1,025 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Wedbush upped their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Evercore ISI upped their price objective on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.38.

Welltower Stock Down 1.3 %

Welltower stock opened at $127.44 on Wednesday. The company has a market capitalization of $76.20 billion, a PE ratio of 157.33, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. Welltower Inc. has a fifty-two week low of $78.38 and a fifty-two week high of $131.31. The firm has a 50 day moving average price of $116.24 and a 200 day moving average price of $104.05.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. Research analysts expect that Welltower Inc. will post 4.19 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a yield of 2.10%. Welltower’s dividend payout ratio is 330.86%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a REIT and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.